De Beers’ Diamond Transfer Perfectly Timed
Mining Weekly reported De Beers’ planned transfer of sales and aggregation activities from London to Botswana is perfectly timed, according to Varda Shine.
As quoted in the market news:
De Beers and the Botswana government signed a ten-year agreement last year to move the London DTC to Botswana. The process is expected to take 18 months and reach completion by the end of 2013. The first group of London expatriates would arrive later this year.
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